Top 5 Rapyd Alternatives in Hong Kong in 2025 (and What They Do Better)

If you are searching for Rapyd alternatives, it usually means Rapyd doesn’t fully match your business needs. Rapyd is a global payment platform with APIs for everything from online checkout to payouts and card issuing. That level of flexibility is great for larger companies with developers on hand, but for many SMEs and entrepreneurs, it can feel too complex, costly, or heavy to manage.

The reality is that you may not need the full weight of an enterprise payment platform to run your business. What matters more is finding a provider that balances cost, coverage, and support at a level that makes sense for your size and goals. That is why it makes sense to look at alternatives that provide clearer fees, faster setup, or a more personal approach.

With those requirements in mind, here are some options that stand out in 2025:

• Statrys offers multi-currency business accounts with dedicated support, tailored for SMEs operating across Asia.
• Wise provides transparent FX rates and over 40 supported currencies, suited to freelancers and international sellers.
• Airwallex gives scaling companies API-driven treasury tools and corporate cards.
• PayPal remains the most widely recognised for ecommerce checkout, though its fees are high for frequent transfers.
• Payoneer connects directly with marketplaces such as Amazon and Fiverr, making it a natural choice for freelancers and online sellers.

Founded in 2019, Statrys is a licensed payment service provider in Hong Kong, offering payment platforms designed for SMEs in Hong Kong, Singapore, and the British Virgin Islands (BVI). Statrys business account makes it easy to pay suppliers or get paid in multiple currencies by clients abroad, without forced conversions along the way.

Unlike bigger players, Statrys combines transparent pricing with personal services. With Statrys, you can access FX fees as low as 0.1% and get support from dedicated account managers who understand your business.

Statrys’ Key Features

• Multi-currency account: Manage 11 currencies, including HKD, USD, EUR, GBP, RMB, and SGD.
• International Payments: Send via local routes in 12 currencies or SWIFT globally.
• FX Tools: Sport trades with no transaction limits.
• Xero integration: Sync transactions for accounting.
• Team access: Multi-user roles for account management.

Statrys Fee

Please refer to Statrys Pricing page for more details.

Statrys’ Pros and Cons

Launched in London in 2011, Wise set out to make international transfers faster and cheaper than traditional banks. Today, it’s a licensed fintech in multiple countries, including Hong Kong, offering business accounts where you hold and convert over 40 currencies and send payments to over 70 countries.

Wise also supports batch payments, allowing you to pay up to 1,000 recipients in one go by uploading a CSV file. Along with low-cost FX, this has made Wise one of popular options among digital nomads and freelancers managing cross-border payments.

Wise’s Key Features

• Multi-currency account: Supports 40+ currencies.
• Get paid like a local: Bank details in the US, UK, EU, and more.
• Global payments: Send money to 70+ countries.
• Batch payments: Pay up to 1,000 recipients at once.
• Accounting integration: Sync directly with cloud platforms like Xero and QuickBooks.

Wise Fee

For detailed information, visit Wise’s business pricing page.

Wise’s Pros and Cons

Since 2015, Airwallex has grown into a global fintech offering cross-border payments and financial tools for fast-scaling businesses. In Hong Kong, it is regulated by the Customs and Excise Department and provides virtual accounts with access to local payment networks in major markets including the US, UK, Europe, and Australia.

Airwallex appeals to companies that need broad international coverage and automation. For businesses that find Rapyd’s infrastructure too heavy, Airwallex offers similar tools that are easier to plug into day-to-day operations.

Airwallex’s Key Features

• Business account: Hold and manage 20+ currencies
• Global payments: Send transfers to over 100+ countries
• Debit cards: Issue multi-currency cards for teams or employees.
• Payment gateway: Get paid via integrated checkout.
• Integrations: Connect with accounting and ecommerce platforms.
• APIs for scale: Build custom payment solutions.

Airwallex Fee

For details, please visit Airwallex Hong Kong’s pricing page.

PayPal is a well-known online payment platform that allows individuals and businesses to send and receive money securely in over 200 countries and regions. PayPal supports transactions in 25 currencies and integrates with major ecommerce platforms, including eBay and Shopify.

Similar to Airwallex, PayPal comes with ready-made tools, from checkout buttons to invoices and subscriptions, so merchants can start accepting online payments right away.

PayPal’s Key Features

• Accept payments: Cards, wallets, QR codes, and links, with billing supported.
• Global coverage: Send and receive funds in 25+ currencies across 200+ countries.
• Invoicing: Create and send invoices from the dashboard.
• No-code checkout: Add PayPal checkout to websites easily.
• Integrations: Works with Shopify, WooCommerce, Etsy, Xero and more.

PayPal Fee

Pros and Cons of PayPal

Founded in 2005, Payoneer is a licensed payments provider that specialises in cross-border payouts for freelancers, online sellers and SMEs. Businesses can get paid via local bank details and connect directly to hundreds of marketplaces, then withdraw to their own bank accounts. Payoneer also issues prepaid cards for spending funds globally.

Similar to other alternatives, these features are ready-made and do not require coding, making Payoneer ideal for those who want a fast and simple way to get paid internationally..

Key Services Offered by Payoneer

• Global coverage: Available in 190+ countries, 70+ currencies.
• Local accounts: Get bank details in USD, EUR, GBP, JPY, and more.
• Marketplace access: Connect with Amazon, Upwork, Fiverr, and others.
• Prepaid card: Spend funds directly worldwide.
• Invoicing: Send payment requests to clients.

Payoneer Fee

Please refer to Payoneer’s Fees page to learn more.

Pros and Cons of Payoneer

After reviewing the options, the choice really depends on how you run your business. These are the main factors to weigh.

1. How You Get Paid

• If you need local bank details in currencies like USD, EUR, or GBP to invoice clients abroad, Wise or Airwallex are practical options.
• If most of your revenue comes from platforms like Amazon, Fiverr, or Upwork, Payoneer is designed for marketplace payouts.
• If you want a multi-currency account without forced conversions, Statrys is worth considering.

2. How You Make Payments

• If you want to pay suppliers overseas and keep FX costs low, Statrys and Wise are reliable choices.
• If managing team cards and batch transfers is a priority, Airwallex offers stronger tools.

3. Costs and Transparency

• If you prefer clear and predictable fees, Statrys and Wise keep things simple.
• If you are comfortable with more complex pricing in exchange for convenience and global reach, PayPal and Payoneer are widely used.

4. Tools and Flexibility

• If you need ready-to-use tools like checkout, invoicing, or marketplace integrations, PayPal and Payoneer work best.
• If you want APIs and automation to integrate payments as they scale, Airwallex is a stronger fit.

5. Support

• If you value personalised services, Statrys offers a dedicated account manager for every client.
• If you are comfortable with self-service platforms, Wise, PayPal, Payoneer, and Airwallex are good choices compared to Rapyd.

By now, you may have a clearer picture of which option might be right for your business. You might even need more than one option to fulfill all your specific requirements. 

There is no absolute answer. Pick the option that best aligns with your business needs and ensure it propels your business forward in this competitive landscape!